15054 State HwyBee Cave, TX 78738

For Sale
$5,905,000

High-yield, NNN-leased daycare center.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 10,000-square-foot, single-tenant net-leased daycare center in Bee Cave, Texas. The property, situated on a 2-acre lot at 15054 State Hwy 71, boasts a prime location with high visibility on a major thoroughfare (23,930 vehicles per day) and proximity to several schools, including Lake Travis High School, Bee Cave Middle School, and Bee Cave Elementary School (combined enrollment exceeding 5,300 students). The tenant, The Learning Experience, a nationally recognized leader in early childhood education, occupies the entire space under a 15-year lease commencing July 1, 2024, and expiring June 30, 2039, with a remaining term of approximately 14.6 years. The lease includes two 5-year option periods and features approximately 12% rent increases every 5 years. Landlord responsibilities are limited to roof and structure maintenance. The property's strong financial performance is reflected in its 6.35% cap rate and a net operating income (NOI) of $375,000, with an asking price of $5,905,000 ($590.50 per square foot). This represents a new construction, 2024 prototype building with a 15-year roof warranty. The property's location in the affluent Austin suburb of Bee Cave (average household income $209,706) within one of Texas's fastest-growing metropolitan areas, offers significant long-term growth potential and inflation-resistant cash flow. The property's APN is 0118770218. This is a rare opportunity to acquire a high-quality, net-leased investment with a strong tenant and significant upside potential.

Highlights

  • Brand new 15-year corporate lease with The Learning Experience, a leading childcare provider with 480+ locations.
  • High-profile, 2-acre site on Hwy 71 in a densely populated, rapidly growing residential area.
  • Corporate guarantee of $750,000 over six years; tenant is a subsidiary of Golden Gate Capital ($19B+ market cap).
  • Located in affluent Bee Cave, TX, a rapidly growing Austin suburb with an average household income of $209,706.
  • New 2024 construction; 12% rent increases every five years; 15-year roof warranty.
  • Large site near multiple schools (elementary, middle, and high schools); depreciable asset.

Property Details for 15054 State Hwy

Property type
Day care centers & nurseries, Other retail properties
Square Feet
10,000 SF
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Bee Cave
County
Travis
State
Texas
Latitude
30.3169326
Longitude
-97.9786288
15054 State Hwy, Bee Cave, Texas

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15054 State Hwy
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